Senior Finance Analyst – (Deposit & Payments Finance Horizontal team / Regional Banking & Wealth Management)

Bank of America • Charlotte, NC

14d • $60,100 - $120,000 • Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and providing financial analysis and guidance to support key decisions and initiatives. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas and new investment business cases. Job expectations include preparing insights to guide management's decision making and evaluating financial performance versus plans, forecasts, and prior periods. Additional Information: The Deposits Finance Horizontal team is a subset of the broader Regional Banking & Wealth Management CFO organization and is responsible for the support of strategic analysis, forecasting and financial reporting related to Deposit products and associated fees. The team delivers comprehensive financial support to the Checking/Savings Accounts, Balances/NII, Service Charges, and Debit Card/Payments BFO and LOB teams. Team responsibilities include analyzing strategic business decisions, financial performance and forecasting of multiple products, creating higher level consolidated reporting, presenting to multiple levels of business and finance audiences, etc.

Requirements

• Well organized and strong attention to detail
• Demonstrates strong technical and analytical skills
• Strong communicator (verbal and written) with ability to influence
• Advanced knowledge of Excel and PowerPoint
• Approaches work with curiosity and interest to drive continuous process improvement
• Adaptable, ability to work independently in a fast paced, results driven environment with changing priorities
• Seeks to build relationships and collaborate with teammates
• Strategic thinker with the ability to understand complex business challenges/potential solutions
• Manages operational risk by building strong processes and quality control routines
• Bachelor’s Degree (preferably in Finance or Accounting)
• 2+ years of accounting or financial analysis work experience

Nice To Haves

• Essbase (Smartview) and EPM familiarity
• Planning and forecasting experience
• Financial modeling
• Emerging technologies (Tableau, Alteryx, Workiva, etc)

Responsibilities

• Evaluates Lines of Business (LOB) financial performances and assists with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
• Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
• Creates forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory
• Supports reporting and analysis for key constituents and management, which may include Board of Directors, Investor Relations, and/or various regulatory agencies
• Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures
• Supports new and ongoing projects and strategic initiatives by creating processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
• Responsible for more complex finance activities involving forecasting, stress testing and financial reporting for the Deposit Balance portfolio and associated Net Interest Income.
• Partners with the Deposit line of business team, Corporate Treasury (Balance Sheet Management and Funds Transfer Pricing) and other Finance teams, as it is a critical source of funding for the firm.
• Develops a thorough understanding of deposit interest rates and the relation to various market rates (Fed Funds, LIBOR, Money Funds) as well as understanding how Corporate Treasury values the deposit portfolio through the FTP process.
• Gains exposure within the Deposits and Consumer & GWIM Finance and LOB organizations while improving/developing the following skills: financial and business acumen, attention to detail, analytical and strategic thinking, planning and forecasting, financial modeling, communication and relationship management.

Benefits

• This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
• This role is currently benefits eligible.
• We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees